<SUBMISSION>
<ACCESSION-NUMBER>0001157523-08-005177
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20080626
<ITEMS>1.01
<ITEMS>2.02
<ITEMS>5.03
<ITEMS>9.01
<FILING-DATE>20080626
<DATE-OF-FILING-DATE-CHANGE>20080626
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERON INTERNATIONAL CORP
<CIK>0000790730
<ASSIGNED-SIC>3270
<IRS-NUMBER>770100596
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09102
<FILM-NUMBER>08918760
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
<PHONE>6266834000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AMERON INC/DE
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5719052.htm
<DESCRIPTION>AMERON INTERNATIONAL CORPORATION 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>
      </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><br>
    </p>
    <hr style="width: 50%; height: 1.0 pt; color: #000000; text-align: center">


    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT </b></font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>1934</b></font><br>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>DATE OF
      REPORT (DATE OF EARLIEST EVENT REPORTED): 6-26-08</b></font><b><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font></b><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>AMERON
      INTERNATIONAL CORPORATION</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>(Exact
      name of Registrant as Specified in its Charter)</b></font><br><br>
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 47%; text-align: left; padding-left: 30.0px">
          <font style="font-size: 10pt; font-family: Times New Roman"><b>Delaware</b></font>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; width: 31%; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>&#160;&#160;&#160;1-9102</b></font>
          </p>
        </td>
        <td valign="top" style="padding-right: 0.0px; width: 22%; white-space: nowrap; text-align: left; padding-left: 5.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>&#160;&#160;77-0100596</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 47%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or other jurisdiction</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td valign="bottom" style="width: 31%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>File No.)</b>
          </p>
        </td>
        <td valign="bottom" style="width: 22%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(IRS Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>245
            South Los Robles Ave., Pasadena, California</b></font> <font style="font-size: 10pt; font-family: Times New Roman"><b>91101</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Address
            of principal executive offices)</b></font><b> &#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">(Zip
            Code)</font></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="font-family: Times New Roman; margin-bottom: 0px; margin-top: 0px; font-size: 10pt">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>Registrant&#8217;s
            telephone number, including area code:</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px">
          <p style="font-family: Times New Roman; margin-bottom: 0px; margin-top: 0px; font-size: 10pt">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(626)
            683-4000</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following::</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 1.01&#160;&#160;&#160;&#160;&#160;Entry into a Material Definitive Agreement</b><br>
    </p>
    <p style="text-align: left">
      Effective June 1, 2008, the cash compensation payable to Ameron
      International Corporation&#8217;s non-employee directors will be as follows:
    </p>
    <p>

    </p>
    <p>
      An annual cash retainer of $40,000;
    </p>
    <p>

    </p>
    <p>
      An additional annual cash retainer of $7,000 for the chair of the Audit
      Committee;
    </p>
    <p>

    </p>
    <p>
      An additional annual cash retainer of $6,000 for the chair of the
      Compensation Committee;
    </p>
    <p>

    </p>
    <p>
      An additional annual cash retainer of $3,000 for the chair of the
      Nominating and Corporate Governance Committee; and
    </p>
    <p>

    </p>
    <p>
      A meeting fee of $2,000 for each Regular Board or Special Board meeting
      attended or via teleconference and for each Committee meeting attended
      or via teleconference.
    </p>
    <p>

    </p>
    <p>
      All retainer amounts will be payable in quarterly installments in
      advance.
    </p>
    <p>

    </p>
    <p>
      In addition, non-employee directors will receive an annual grant of
      1,200 shares of restricted stock on the first business day following the
      date of the annual meeting of stockholders of the Company, pursuant to
      the Ameron International Corporation 2004 Stock Incentive Plan for
      Nonemployee Directors.&#160;&#160;The shares of restricted stock have an annual
      vesting rate of 33 1/3% commencing one year from the date of grant.
    </p>
    <p>

    </p>
    <p>
      <b>Item 2.02&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition</b><br>
    </p>
    <p>
      On June 26, 2008, the Registrant issued a press release regarding its
      results of operations for the second quarter ended June 1, 2008.&#160;&#160;A copy
      of the press release is attached hereto as Exhibit 99.1 and is
      incorporated herein by reference.
    </p>
    <p>

    </p>
    <p>
      The information in this report, including the exhibit attached hereto,
      is being furnished pursuant to Item 2.02 and shall not be deemed to be
      &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of
      1934, as amended, or otherwise subject to the liabilities
      thereunder.&#160;&#160;The information in this report will not be deemed an
      admission as to the materiality of any information required to be
      disclosed solely to satisfy the requirements of Regulation FD OR Item 12.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <b>SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</b><br>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; margin-left: 60.0px">
      Cautionary statement for purposes of the &quot;Safe Harbor&quot; provisions of The
      Private Securities Litigation Reform Act of 1995:&#160;&#160;Any statements in
      this report that refer to the exhibit attached hereto, that refer to the
      estimated or anticipated future results of the Registrant are
      forwarded-looking and reflect the Registrant's current analysis of
      existing trends and information.&#160;&#160;Actual results may differ from current
      expectations based on a number of factors affecting the Registrant's
      businesses, including competitive conditions
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="font-family: Times New Roman; font-size: 10pt; margin-left: 60.0px">

    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; margin-left: 60.0px">
      and changing market situations.&#160;&#160;Matters affecting the economy
      generally, including the state of economies worldwide, can also affect
      the Registrant's results.&#160;&#160;Forward-looking statements represent the
      Registrant's judgment only as of the date of this report.&#160;&#160;Since actual
      results could differ materially from such statements, the reader is
      cautioned not to rely on these forward-looking statements.&#160;&#160;Moreover,
      the Registrant disclaims any intent or obligation to update these
      forward-looking statements.
    </p>
    <p>

    </p>
    <p>
      <b>Item 5.03&#160;&#160;&#160;&#160;&#160;Amendments to Articles of Incorporation or Bylaws</b><br>
    </p>
    <p>
      Effective June 25, 2008, the Board of Directors amended Article IV,
      Sections 4.01, 4.02 and 4.03 of the Registrant&#8217;s Bylaws.&#160;&#160;A copy of the
      Registrant&#8217;s Bylaws, as so amended, is attached hereto as Exhibit 3.2
      and is incorporated herein by reference.
    </p>
    <p>

    </p>
    <p>
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</b><br>
    </p>
    <p>
      (d) Exhibits<br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td valign="top" style="width: 12%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="top" style="width: 86%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 86%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; width: 12%; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 86%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            News Release dated June 26, 2008.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 86%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; width: 12%; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3.2
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 86%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Bylaws of Ameron International Corporation, amended and restated
            effective June<br>25, 2008.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 8%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="3">
          AMERON INTERNATIONAL CORPORATION
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 42%">

        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 43%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 42%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 8%; text-align: left; padding-left: 0.0px">
          Date:
        </td>
        <td valign="top" style="width: 43%; text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            June 26, 2008
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="width: 4%; text-align: left; padding-left: 0.0px">
          By:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>&#160;/s/ Stephen E. Johnson</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Stephen E. Johnson
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President &amp; Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>a5719052ex32.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p>

    </p>
    <p>
      Exhibit 3.2
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <u>AMERON INTERNATIONAL CORPORATION</u><br>(a Delaware corporation)<br>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      BYLAWS<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      &#160;(Restated with amendments<br>through June 25, 2008)<br>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      ARTICLE I<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      Offices<br>
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      SECTION 1.01.&#160;&#160;Registered Office.&#160;&#160;The registered office of AMERON
      INTERNATIONAL CORPORATION (hereinafter called the Corporation) in the
      State of Delaware shall be at 1209 Orange Street, City of Wilmington,
      County of New Castle, and the name of the registered agent in charge
      thereof shall be The Corporation Trust Company.
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      SECTION 1.02.&#160;&#160;Other Offices.&#160;&#160;The Corporation may also have an office
      or offices at such other place or places, either within or without the
      State of Delaware, as the Board of Directors (hereinafter called the
      Board) may from time to time determine or as the business of the
      Corporation may require.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE II<br>
    </p>
    <p style="text-align: center">
      Meetings of Stockholders<br>
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      SECTION 2.01.&#160;&#160;Annual Meetings.&#160;&#160;Annual Meetings of the stockholders of
      the Corporation for the purpose of electing directors and for the
      transaction of such other proper business as may come before such
      meetings may be held at such time, date and place as the Board shall
      determine by resolution.
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      SECTION 2.02. Special Meetings.&#160;&#160;Special meetings of the stockholders of
      the Corporation for any purpose may only be called in accordance with
      the provisions of the Certificate of Incorporation.
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      SECTION 2.03.&#160;&#160;Place of Meetings.&#160;&#160;All meetings of the stockholders
      shall be held at such places, within or without the State of Delaware,
      as may be designated by the Board.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;SECTION 2.04.&#160;&#160;Notice of Meetings.&#160;&#160;Except as otherwise
      required by law, notice of each meeting of the stockholders, whether
      annual or special, shall be given not less than ten (10) nor more than
      sixty (60) days before the date of the meeting to each stockholder of
      record entitled to vote at such meeting by delivering a typewritten or
      printed notice thereof to him personally, or by depositing such notice
      in the United States mail, in a postage prepaid envelope, directed to
      him at his post office address furnished by him to the Secretary of the
      Corporation for such purpose or, if he shall not have furnished to the
      Secretary his address for such purpose, then at his post office address
      last known to the Secretary, or by transmitting a notice thereof to him
      at such address by telegraph, cable, or wireless.&#160;&#160;Except as otherwise
      expressly required by law, no publication of any notice of a meeting of
      the stockholders shall be required.&#160;&#160;Every notice of a meeting of the
      stockholders shall state the place, date and hour of the meeting, and,
      in the case of a special meeting, shall also state the purpose or
      purposes for which the meeting is called.&#160;&#160;Notice of any meeting of
      stockholders shall not be required to be given to any stockholder to
      whom notice may be omitted pursuant to applicable Delaware law or who
      shall have waived such notice and such notice shall be deemed waived by
      any stockholder who shall attend such meeting in person or by proxy,
      except as a stockholder who shall attend such meeting for the express
      purpose of objecting, at the beginning of the meeting, to the
      transaction of any business because the meeting is not lawfully called
      or convened.&#160;&#160;Except as otherwise expressly required by law, notice of
      any adjourned meeting of the stockholders need not be given if the time
      and place thereof are announced at the meeting at which the adjournment
      is taken.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.05.&#160;&#160;Quorum.&#160;&#160;Except as otherwise required by law, the holders
      of record of a majority in voting interest of the shares of stock of the
      Corporation entitled to be voted thereat, present in person or by proxy,
      shall constitute a quorum for the transaction of business at any meeting
      of the stockholders of the Corporation or any adjournment thereof.&#160;&#160;In
      the absence of a quorum at any meeting or any adjournment thereof, a
      majority in voting interest of the stockholders present in person or by
      proxy and entitled to vote thereat or, in the absence therefrom of all
      the stockholders, any officer entitled to preside at, or to act as
      secretary of, such meeting may adjourn such meeting from time to
      time.&#160;&#160;At any such adjourned meeting at which a quorum is present any
      business may be transacted which might have been transacted at the
      meeting as originally called.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.06.&#160;&#160;Voting.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      (a)&#160;&#160;Each stockholder shall, at each meeting of the stockholders, be
      entitled to vote in person or by proxy each share or fractional share of
      the stock of the Corporation having voting rights on the matter in
      question and which shall have been held by him and registered in his
      name on the books of the Corporation:
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="margin-left: 30.0px; text-align: left; text-indent: 60.0px">
      (i)&#160;&#160;on the date fixed pursuant to Section 6.05 of these Bylaws as the
      record date for the determination of stockholders entitled to notice of
      and to vote at such meeting, or
    </p>
    <p>

    </p>
    <p style="margin-left: 30.0px; text-align: left; text-indent: 60.0px">
      (ii)&#160;&#160;if no such record date shall have been so fixed, then (a) at the
      close of business on the day next preceding the day on which notice of
      the meeting shall be given or (b) if notice of the meeting shall be
      waived, at the close of business on the day next preceding the day on
      which the meeting shall be held.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      (b)&#160;&#160;Shares of its own stock belonging to the Corporation or to another
      corporation, if a majority of the shares entitled to vote in the
      election of directors in such other corporation is held, directly or
      indirectly, by the Corporation, shall neither be entitled to vote nor be
      counted for quorum purposes.&#160;&#160;Persons holding stock of the Corporation
      in a fiduciary capacity shall be entitled to vote such stock.&#160;&#160;Persons
      whose stock is pledged shall be entitled to vote, unless in the transfer
      by the pledgor on the books of the Corporation he shall have expressly
      empowered the pledges to vote thereon, in which case only the pledges,
      or his proxy, may represent such stock and vote thereon.&#160;&#160;Stock having
      voting power standing of record in the names of two or more persons,
      whether fiduciaries, members of a partnership, joint tenants in common,
      tenants by entirety or otherwise, or with respect to which two or more
      persons have the same fiduciary relationship, shall be voted in
      accordance with the provisions of the General Corporation Law of the
      State of Delaware.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      (c)&#160;&#160;Any such voting rights may be exercised by the stockholder entitled
      thereto in person or by his proxy appointed by an instrument in writing,
      subscribed by such stockholder or by his attorney thereunto authorized
      and delivered to the secretary of the meeting; provided, however, that
      no proxy shall be voted or acted upon after three years from its date
      unless said proxy shall provide for a longer period.&#160;&#160;The attendance at
      any meeting of a stockholder who may theretofore have given a proxy
      shall not have the effect of revoking the same unless he shall in
      writing so notify the secretary of the meeting prior to the voting of
      the proxy.&#160;&#160;At any meeting of the stockholders all matters, except as
      otherwise provided in the Certificate of Incorporation, in these Bylaws
      or by law, shall be decided by the vote of a majority in voting interest
      of the stockholders present in person or by proxy and entitled to vote
      thereat and thereon, a quorum being present.&#160;&#160;The vote at any meeting of
      the stockholders on any question need not be by ballot, unless so
      directed by the chairman of the meeting.&#160;&#160;On a vote by ballot each
      ballot shall be signed by the stockholder voting, or by his proxy, if
      there be such proxy, and it shall state the number of shares voted.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.07.&#160;&#160;List of Stockholders.&#160;&#160;The Secretary of the Corporation
      shall prepare and make, at least ten (10) days before every meeting of
      stockholders, a complete list of the stockholders entitled to vote at
      the meeting, arranged in alphabetical order, and showing the address of
      each stockholder and the number of shares registered in the name of each
      stockholder.&#160;&#160;Such list shall be open to the examination of any
      stockholder, for any purpose germane to the meeting, during ordinary
      business hours, for a period of at least ten (10) days prior to the
      meeting, either at a place within the city where the meeting is to be
      held, which place shall be specified in the notice of the meeting, or,
      if not so specified, at the place where the meeting is to be held.&#160;&#160;The
      list shall also be produced and kept at the time and place of the
      meeting during the whole time thereof, and may be inspected by any
      stockholder who is present.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.08.&#160;&#160;Judges.&#160;&#160;If at any meeting of the stockholders a vote by
      written ballot shall be taken on any question, the chairman of such
      meeting may appoint a judge or judges to act with respect to such
      vote.&#160;&#160;Each judge so appointed shall first subscribe an oath faithfully
      to execute the duties of a judge at such meeting with strict
      impartiality and according to the best of his ability.&#160;&#160;Such judges
      shall decide upon the qualifications of the voters and shall report the
      number of shares represented at the meeting and entitled to vote on such
      question, shall conduct and accept the votes, and, when the voting is
      completed, shall ascertain and report the number of shares voted
      respectively for and against the question.&#160;&#160;Reports of judges shall be
      in writing and subscribed and delivered by them to the Secretary of the
      Corporation.&#160;&#160;The judges need not be stockholders of the Corporation,
      and any officer of the Corporation may be a judge on any question other
      than a vote for or against a proposal in which he shall have a material
      interest.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.09.&#160;&#160;Action Without Meeting.&#160;&#160;No action shall be taken by the
      stockholders except at an annual or special meeting of stockholders.&#160;&#160;No
      action shall be taken by stockholders by written consent.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 2.10.&#160;&#160;Notice of Stockholder Business.&#160;&#160;At any annual
      stockholders' meeting, only such business shall be conducted as shall
      have been properly brought before the meeting.&#160;&#160;To be properly brought
      before an annual stockholders' meeting, business must be (i)&#160;specified
      in the notice of meeting (or any supplement thereto) given by or at the
      direction of the Board of&#160;&#160;Directors; (ii)&#160;otherwise properly brought
      before the meeting by or at the direction of the Board of Directors; or
      (iii)&#160;otherwise properly brought before the meeting by a
      stockholder.&#160;&#160;For business to be properly brought before an annual
      meeting by a stockholder, the stockholder must have given timely notice
      thereof in writing to the Secretary of the Corporation.&#160;&#160;To be timely, a
      stockholder's notice must be received at the principal office of the
      Corporation not less than sixty (60) days nor more than one hundred and
      twenty (120) days prior to the meeting; provided, however, that in the
      event that the first public disclosure (whether by mailing of a notice
      to shareholders, press release or otherwise) of the date of the meeting
      is made less than sixty-five (65) days prior to the date of the meeting,
      notice by the stockholder will be timely if received not later than the
      close of business on the tenth day following the day on which such first
      public disclosure was made.&#160;&#160;A stockholder's notice to the Secretary
      shall set forth, as to each matter the stockholder proposes to bring
      before the annual meeting, (i) the reasons for conducting such business
      at the annual meeting; (ii)&#160;the name and address as they appear on the
      Corporation's stock register, of the stockholder proposing such
      business; (iii)&#160;the number of shares of capital stock of the Corporation
      which are beneficially owned by the stockholder; and (iv)&#160;any material
      interest of the stockholder in such business.&#160;&#160;Notwithstanding any other
      provision of these Bylaws, no business shall be conducted at an annual
      stockholders' meeting except in accordance with the procedures set forth
      in this Section 2.10.&#160;&#160;If the presiding officer of an annual
      stockholders' meeting determines and declares that business was not
      properly brought before the meeting in accordance with this Section
      2.10, any such business shall not be transacted.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE III<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      Board of Directors<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.01.&#160;&#160;General Powers.&#160;&#160;The property, business and affairs of
      the Corporation shall be managed by the Board.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.02.&#160;&#160;Number and Term of Office.&#160;&#160;The number of directors shall
      not be less than six (6) nor more than eleven (11), the exact number of
      which shall be fixed by Bylaw duly adopted by the Board.&#160;&#160;The number of
      directors of the Corporation shall be seven (7).&#160;&#160;The Board shall be
      divided into three classes, Class I, Class II and Class III.&#160;&#160;Such
      classes shall be as nearly equal in number of directors as
      possible.&#160;&#160;Each director shall serve for a term ending on the third
      annual meeting following the annual meeting at which such director was
      elected; provided, however, that the directors first elected to Class I
      shall serve for a term ending at the annual meeting to be held in 1987,
      the directors first elected to Class II shall serve for a term ending at
      the annual meeting to be held in 1988 and the directors first elected to
      Class III shall serve for a term ending at the annual meeting to be held
      in 1989.&#160;&#160;Directors need not be stockholders.&#160;&#160;Each of the directors of
      the Corporation shall hold office until his successor shall have been
      duly elected and shall qualify or until he shall resign or shall have
      been removed in the manner hereinafter provided.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.03.&#160;&#160;Election of Directors.&#160;&#160;In any election of directors of
      the Corporation, a holder of any class or series of stock then entitled
      to vote in such election shall be entitled to as many votes as shall
      equal (i) the number of votes which (except for this Section as to
      cumulative voting) he would be entitled to cast for the election of
      directors with respect to his shares of stock multiplied by (ii) the
      number of directors to be elected in the election in which his class or
      series of shares is entitled to vote, and each stockholder may cast all
      of such votes for a single director or for any two or more of them as he
      may see fit.
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px">
      SECTION 3.04.&#160;&#160;Resignations.&#160;&#160;Any director of the Corporation may resign
      at any time by giving written notice to the Board or to the Secretary of
      the Corporation.&#160;&#160;Any such resignation shall take effect at the time
      specified therein, or, if the time be not specified, it shall take
      effect immediately upon its receipt; and unless otherwise specified
      therein, the acceptance of such resignation shall not be necessary to
      make it effective.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.05.&#160;&#160;Vacancies.&#160;&#160;Except as otherwise provided in the
      Certificate of Incorporation, any vacancy in the Board, whether because
      of death, resignation, disqualification, an increase in the number of
      directors, or any other cause, may be filled by vote of the majority of
      the remaining directors, although less than a quorum.&#160;&#160;Each director so
      chosen to fill a vacancy shall hold office for the unexpired term of his
      predecessor or until his successor shall have been elected and shall
      qualify or until he shall resign or shall have been removed in the
      manner hereinafter provided.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.06.&#160;&#160;Place of Meeting, Etc.&#160;&#160;The Board may hold any of its
      meetings at such place or places within or without the State of Delaware
      as the Board may from time to time by resolution designate or as shall
      be designated by the person or persons calling the meeting or in the
      notice or a waiver of notice of any such meeting.&#160;&#160;Directors may
      participate in any regular or special meeting of the Board by means of
      conference telephone or similar communications equipment pursuant to
      which all persons participating in the meeting of the Board can hear
      each other, and such participation shall constitute presence in person
      at such meeting.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.07.&#160;&#160;First Meeting.&#160;&#160;The Board shall meet as soon as
      practicable after each annual election of directors and notice of such
      first meeting shall not be required.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.08.&#160;&#160;Regular Meetings.&#160;&#160;Regular meetings of the Board may be
      held at such times as the Board shall from time to time by resolution
      determine.&#160;&#160;If any day fixed for a regular meeting shall be a legal
      holiday at the place where the meeting is to be held, then the meeting
      shall be held at the same hour and place on the next succeeding business
      day not a legal holiday.&#160;&#160;Except as provided by law, notice of regular
      meetings need not be given.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.09.&#160;&#160;Special Meetings.&#160;&#160;Special meetings of the Board shall be
      held whenever called by the Chairman of the Board, the President or a
      majority of the authorized number of directors.&#160;&#160;Except as otherwise
      provided by law or by these Bylaws, notice of the time and place of each
      such special meeting shall be mailed to each director, addressed to him
      at his residence or usual place of business, at least five (5) days
      before the day on which the meeting is to be held, or shall be sent to
      him at such place by telegraph or cable or be delivered personally not
      less than twenty-four (24) hours before the time at which the meeting is
      to be held.&#160;&#160;Except where otherwise required by law or by these Bylaws,
      notice of the purpose of a special meeting need not be given.&#160;&#160;Notice of
      any meeting of the Board shall not be required to be given to any
      director who is present at such meeting, except a director who shall
      attend such meeting for the express purpose of objecting, at the
      beginning of the meeting, to the transaction of any business because the
      meeting is not lawfully called or convened.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px">
      SECTION 3.10.&#160;&#160;Quorum and Manner of Acting.&#160;&#160;Except as otherwise
      provided in these Bylaws or by law, the presence of a majority of the
      number of directors then currently specified as the size of the Board
      pursuant to Section 3.02 of these Bylaws shall be required to constitute
      a quorum for the transaction of business at any meeting of the Board,
      and all matters shall be decided at any such meeting, a quorum being
      present, by the affirmative votes of a majority of the directors
      present.&#160;&#160;In the absence of a quorum, a majority of directors present at
      any meeting may adjourn the same from time to time until a quorum shall
      be present.&#160;&#160;Notice of any adjourned meeting need not be given.&#160;&#160;The
      directors shall act only as a Board, and the individual directors shall
      have no power as such.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.11.&#160;&#160;Action by Consent.&#160;&#160;Any action required or permitted to
      be taken at any meeting of the Board or of any committee thereof may be
      taken without a meeting if a written consent thereto is signed by all
      members of the Board or of such committee, as the case may be, and such
      written consent is filed with the minutes of proceedings of the Board or
      committee.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.12.&#160;&#160;Removal of Directors.&#160;&#160;Subject to the provisions of the
      Certificate of Incorporation, a director may be removed at any time, for
      cause only.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.13.&#160;&#160;Compensation.&#160;&#160;The directors shall receive only such
      compensation for their services as directors as may be allowed by
      resolution of the Board.&#160;&#160;The Board may also provide that the
      Corporation shall reimburse each such director for any expense incurred
      by him on account of his attendance at any meetings of the Board or
      Committees of the Board.&#160;&#160;Neither the payment of such compensation nor
      the reimbursement of such expenses shall be construed to preclude any
      director from serving the Corporation or its subsidiaries in any other
      capacity and receiving compensation therefor.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.14.&#160;&#160;Committees.&#160;&#160;The Board may, by resolution passed by a
      majority of the whole Board, designate one or more committees, each
      committee to consist of one or more of the directors of the
      Corporation.&#160;&#160;Any such committee, to the extent provided in the
      resolution of the Board and except as otherwise limited by law, shall
      have and may exercise all the powers and authority of the Board in the
      management of the business and affairs of the Corporation, and may
      authorize the seal of the Corporation to be affixed to all papers which
      may require it.&#160;&#160;Any such committee shall keep written minutes of its
      meetings and report the same to the Board at the next regular meeting of
      the Board.&#160;&#160;In the absence or disqualification of a member of a
      committee, the member or members thereof present at any meeting and not
      disqualified from voting, whether or not he or they constitute a quorum,
      may unanimously appoint another member of such absent or disqualified
      member.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 3.15.&#160;&#160;Notice of Director Nominations.&#160;&#160;Only persons who are
      nominated in accordance with the procedures set forth in this Section
      3.15 shall be eligible for election as Director at annual meeting of the
      stockholders.&#160;&#160;Nominations of candidates for election to the Board of
      Directors of the Corporation at any annual meeting may be made only by
      or at the direction of the Board of Directors or by a stockholder
      entitled to vote at such annual meeting.&#160;&#160;All such nominations, except
      those made by or at the direction of the Board of Directors, shall be
      made pursuant to timely notice in writing to the Secretary of the
      Corporation of the stockholder's intention to make such nomination.&#160;&#160;To
      be timely, any such notice must be received at the principal office of
      the Corporation not less than sixty (60) no more than one hundred twenty
      (120) days prior to the date of such annual meeting; provided, however,
      that in the event that the first public disclosure (whether by mailing
      of a notice to stockholders, press release or otherwise) of the date of
      such annual meeting is made less than sixty-five (65) days prior to the
      date of such annual meeting, notice by the stockholder will be timely if
      received not later than the close of business on the tenth day following
      the day on which such first public disclosure was made.&#160;&#160;Such
      stockholder's notice with respect to a proposed nomination shall set
      forth (i)&#160;the name, age, business and residence address and principal
      occupation or employment of each nominee proposed in such notice;
      (ii)&#160;the name and address of the stockholder giving the notice as the
      same appears in the Corporation's stock register; (iii)&#160;the number of
      shares of capital stock of the Corporation which are beneficially owned
      by each such nominee and by such stockholder; and (iv)&#160;such other
      information concerning each such nominee as would be required, under the
      rules of the Securities and Exchange Commission, in a proxy statement
      soliciting proxies for the election of such nominee.&#160;&#160;Such notice must
      also include a signed consent of each such nominee to serve as a
      director of the Corporation, if elected.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
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        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      In the event that a person is validly designated as a nominee in
      accordance with the procedures specified above and shall thereafter
      become unable or unwilling to stand for election to the Board of
      Directors, the Board of Directors or the stockholder who proposed such
      nominee, as the case may be, may designate a substitute nominee;
      provided, however, that in the case of persons not nominated by the
      Board of Directors, such a substitution may only be made if notice as
      provided above in this Section 3.15 is received at the principal office
      of the Corporation not later than the later of (i)&#160;thirty (30) days
      prior to the date of the annual meeting or (ii)&#160;five (5) days after the
      stockholder proposing the original nominee first learned that such
      original nominee has become unable or unwilling to stand for election.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE IV<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      Officers<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.01.&#160;&#160;Officers, Election and Removal.&#160;&#160;The officers of the
      Corporation shall be a President, a Secretary, and a Treasurer.&#160;&#160;The
      Corporation may also have, at the discretion of the Board of Directors,
      a Chief Executive Officer, one or more Executive Vice Presidents, Senior
      Vice Presidents, Vice Presidents, Assistant Secretaries and Assistant
      Treasurers, and such other officers as may be elected by the Board of
      Directors.&#160;&#160;Any two or more offices may be held by the same person
      except that the office of President and the office of Secretary may not
      be held by the same person.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      The officers of the Corporation shall be elected annually by the Board
      of Directors at their first meeting after the annual meeting of the
      stockholders and, unless they shall sooner resign, be removed or become
      disqualified, shall hold office until their respective successors shall
      be elected and qualify.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 60.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      The Chairman of the Board shall be elected from among the Directors.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      Any officer may be removed either with or without cause by a majority of
      the Directors at the time in office at any regular or special meeting of
      the Board of Directors.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.02.&#160;&#160;Chairman of the Board.&#160;&#160;The Chairman of the Board, if
      there shall be one, or the President, if there shall not, shall preside
      at all meetings of the stockholders and of the Board of Directors.&#160;&#160;The
      Chairman of the Board shall, ex officio, be a member of the Executive
      Committee, if there be one.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.03.&#160;&#160;Chief Executive Officer, President, Executive Vice
      Presidents, Senior Vice Presidents and Vice Presidents.&#160;&#160;The Chief
      Executive Officer, if there shall be one, or the President, if there
      shall not, shall be responsible to the Board of Directors for all
      actions and activities of the Corporation.&#160;&#160;If there shall be a Chief
      Executive Officer, the President shall have such powers and perform such
      duties as may be delegated to him by the Chief Executive Officer or the
      Board of Directors.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      Executive Vice Presidents, Senior Vice Presidents and Vice Presidents
      shall have such powers and perform such duties as may be delegated to
      them by the Chief Executive Officer, the President or the Board of
      Directors.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.04.&#160;&#160;Secretary.&#160;&#160;The Secretary shall issue notices for all
      meetings, shall keep their minutes, shall have charge of the seal and
      the Corporate books, and shall make such reports and perform such other
      duties as are incident to his office, or are properly required of him by
      the Board of Directors.&#160;&#160;He shall also keep at the principal office of
      the corporation or cause to be kept at the office of the Corporation's
      transfer agent, a stock transfer book, and he shall keep or cause to be
      kept by the Corporation's registrar, a share registry book.&#160;&#160;The
      Secretary may be required to perform such duties of the Treasurer as may
      be assigned to him from time to time.
    </p>
    <p style="text-align: left; text-indent: 30.0px">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.05.&#160;&#160;Treasurer.&#160;&#160;The Treasurer shall have the custody of all
      moneys and securities of the Corporation and shall keep regular books of
      account.&#160;&#160;He shall disburse the funds of the Corporation in payment of
      the just demands against the Corporation or as may be ordered by the
      Board of Directors, taking proper vouchers for such disbursements, and
      shall render to the President and to the Board of Directors from time to
      time as may be required of him, an account of all his transactions as
      Treasurer and of the financial condition of the Corporation.&#160;&#160;He shall
      perform all other duties incident to his office or that are properly
      required of him by the Board.&#160;&#160;He shall give the Corporation a bond, if
      required by the Board of Directors, in a sum, and with one or more
      sureties, satisfactory to the Board of Directors, for the faithful
      performance of the duties of his office, and for the restoration to the
      Corporation, in case of his death, resignation, retirement, or removal
      from office, of all books, papers, vouchers, money and other property of
      whatever kind in his possession or under his control belonging to the
      Corporation.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.06.&#160;&#160;Incapacity.&#160;&#160;In case of the absence or inability of any
      officer of the Corporation to act and of any person herein authorized to
      act in his place, the Board of Directors may from time to time delegate
      the powers or duties of such officer to any other officer or any
      Director or other person whom they may select.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.07.&#160;&#160;Vacancies.&#160;&#160;Vacancies in any office arising from any
      cause may be filled by the Directors at any regular or special meeting.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.08.&#160;&#160;Other officers.&#160;&#160;The Board of Directors may appoint such
      other officers and agents as it shall deem necessary or expedient, who
      shall hold their offices for such terms and shall exercise such powers
      and perform such duties as shall be determined from time to time by the
      Board of Directors.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 4.09.&#160;&#160;Salaries.&#160;&#160;The salaries of all officers and agents of the
      Corporation shall be fixed by the Board of Directors.&#160;&#160;Nothing contained
      herein shall preclude any officer from serving the Corporation, or any
      subsidiary corporation, in any other capacity and receiving proper
      compensation therefor.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE V<br>
    </p>
    <p style="white-space: nowrap">

    </p>
    <p style="text-align: center">
      Contracts, Checks, Drafts, Bank Accounts, Etc.<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 5.01.&#160;&#160;Execution of Contracts.&#160;&#160;The Board, except as in these
      Bylaws otherwise provided, may authorize any officer or officers, agent
      or agents, to enter into any contract or execute any instrument in the
      name of and on behalf of the Corporation, and such authority may be
      general or confined to specific instances; and unless so authorized by
      the Board or by these Bylaws, no officer, agent or employee shall have
      any power or authority to bind the Corporation by any contract or
      engagement or to pledge its credit or to render it liable for any
      purpose or in any amount.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 5.02.&#160;&#160;Checks, Drafts, Etc.&#160;&#160;All checks, drafts or other orders
      for payment of money, notes or other evidence of indebtedness, issued in
      the name of or payable to the Corporation, shall be signed or endorsed
      by such person or persons and in such manner as, from time to time,
      shall be determined by resolution of the Board.&#160;&#160;Each such officer,
      assistant, agent or attorney shall give such bond, if any, as the Board
      may require.
    </p>
    <p style="text-align: left">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 5.03.&#160;&#160;Deposits.&#160;&#160;All funds of the Corporation not otherwise
      employed shall be deposited from time to time to the credit of the
      Corporation in such banks, trust companies or other depositories as the
      Board may select, or as may be selected by any officer or officers,
      assistant or assistants, agent or agents, or attorney or attorneys of
      the Corporation to whom such power shall have been delegated by the
      Board and shall be drawn out only by check signed by persons designated,
      from time to time, by resolution of the Board of Directors.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 5.04.&#160;&#160;General and Special Bank Accounts.&#160;&#160;The Board may from
      time to time authorize the opening and keeping of general and special
      bank accounts with such banks, trust companies or other depositories as
      the Board may select or as may be selected by any officer or officers,
      assistant or assistants, agent or agents, or attorney or attorneys of
      the Corporation to whom such power shall have been delegated by the
      Board.&#160;&#160;The Board may make such special rules and regulations with
      respect to such bank accounts, not inconsistent with the provisions of
      these Bylaws, as it may deem expedient.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE VI<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      Shares and Their Transfer<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 6.01.&#160;&#160;Certificates for Stock.&#160;&#160;Shares of the Corporation&#8217;s
      stock may be certificated or uncertificated; <i>provided, however, </i>that
      every&#160;&#160;owner of stock of the Corporation shall be entitled to have a
      certificate or certificates, to be in such form as the Board shall
      prescribe, certifying the number and class of shares of the stock of the
      Corporation owned by him.&#160;&#160;Except as otherwise provided by law, the
      rights and obligations of the holders of uncertificated shares and the
      rights and obligations of the holders of certificated shares of the same
      class and series shall be identical.&#160;&#160;The certificates representing
      shares of such stock shall be numbered in the order in which they shall
      be issued and shall be signed in the name of the Corporation by the
      President or a Vice President, and by the Secretary or an Assistant
      Secretary or by the Treasurer or an Assistant Treasurer.&#160;&#160;Any of or all
      of the signatures on the certificates may be a facsimile.&#160;&#160;In case any
      officer, transfer agent or registrar who has signed, or whose facsimile
      signature has been placed upon, any such certificate, shall have ceased
      to be such officer, transfer agent or registrar before such certificate
      is issued, such certificate may nevertheless be issued by the
      Corporation with the same effect as though the person who signed such
      certificate, or whose facsimile signature shall have been placed
      thereupon, were such officer, transfer agent or registrar at the date of
      issue.&#160;&#160;A record shall be kept of the respective names of the persons,
      firms or corporations owning the Corporation&#8217;s stock whether or not
      represented by such certificates, the number and class of shares owned
      thereby, respectively, and the respective dates thereof, and in case of
      cancellation, the respective dates of cancellation.&#160;&#160;Upon a holder&#8217;s
      request, the Corporation shall provide evidence of ownership of such
      holder&#8217;s uncertificated shares.&#160;&#160;Every certificate surrendered to the
      Corporation for exchange or transfer shall be cancelled, and no new
      certificated or uncertificated shares shall be issued in exchange for
      any existing certificate until such existing certificate shall have been
      cancelled, except in cases provided for in Section 6.04.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 6.02.&#160;&#160;Transfers of Stock.&#160;&#160;The person in whose name shares of
      stock stand on the books of the Corporation shall be deemed the owner
      thereof for all purpose as regards the Corporation.&#160;&#160;Transfers of shares
      of stock of the Corporation shall be made only on the books of the
      Corporation by the registered holder thereof, or by his attorney
      thereunto authorized by power of attorney duly executed and filed with
      the Secretary, or with a transfer clerk or a transfer agent appointed as
      provided in Section 6.03 for such shares properly surrendered and the
      payment of all taxes thereon.&#160;&#160;&#160;&#160;Upon surrender of a certificate of
      shares to the Corporation or its transfer agent or transfer clerk, with
      an assignment or power of transfer endorsed thereon or delivered
      therewith, duly executed, and with such proof of the authenticity of the
      signature and of authority to transfer, and of payment of transfer
      taxes, as the Corporation or its agents may require, the Corporation
      shall cancel the old certificate and issue new equivalent certificated
      or uncertificated shares to the person entitled thereto, and record the
      transaction upon its books.&#160;&#160;Upon receipt of proper transfer
      instructions from the holder of uncertificated shares, and of payment of
      transfer taxes as the Corporation or its agents may require, the
      Corporation shall cancel such uncertificated shares and issue new
      equivalent certificated or uncertificated shares to the person entitled
      thereto, and record the transaction upon its books.&#160;&#160;Whenever any
      transfer of shares shall be made for collateral security, and not
      absolutely, such fact shall be so expressed in the entry of transfer if,
      when the certificate or certificates shall be presented to the
      Corporation for transfer, both the transferor and the transferee request
      the Corporation to do so.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 6.03.&#160;&#160;Regulations.&#160;&#160;The Board may make such rules and
      regulations as it may deem expedient, not inconsistent with these
      Bylaws, concerning the issue, transfer and registration of certificates
      for shares of the stock of the Corporation.&#160;&#160;It may appoint, or
      authorize any officer or officers to appoint, one or more transfer
      clerks or one or more transfer agents and one or more registrars, and
      may require all certificates for stock to bear the signature or
      signatures of any of them.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 6.04.&#160;&#160;Lost, Stolen, Destroyed, and Mutilated Certificates.&#160;&#160;In
      any case of loss, theft, destruction, or mutilation of any certificate
      of stock, the Corporation may issue new equivalent certificated or
      uncertificated shares in its place upon proof of such loss, theft,
      destruction, or mutilation and upon the giving of a bond of indemnity to
      the Corporation in such form and in such sum as the Board may direct;
      provided, however, that such new shares may be issued without requiring
      any bond when, in the judgment of the Board, it is proper so to do.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 6.05.&#160;&#160;Fixing Date for Determination of Stockholders of
      Record.&#160;&#160;In order that the Corporation may determine the stockholders
      entitled to notice of or to vote at any meeting of stockholders or any
      adjournment thereof, or entitled to receive payment of any dividend or
      other distribution or allotment of any rights, or entitled to exercise
      any rights in respect of any other change, conversion or exchange of
      stock or for the purpose of any other lawful action, the Board may fix,
      in advance, a record date, which shall not be more than sixty (60) nor
      less than ten (10) days before the date of such meeting, nor more than
      sixty (60) days prior to any other action.&#160;&#160;If in any case involving the
      determination of stockholders for any purpose other than notice of or
      voting at a meeting of stockholders, the Board shall not fix such a
      record date, the record date for determining stockholders for such
      purpose shall be the close of business on the day on which the Board
      shall adopt the resolution relating thereto.&#160;&#160;A determination of
      stockholders entitled to notice of or to vote at a meeting of
      stockholders shall apply to any adjournment of such meeting; provided,
      however, that the Board may fix a new record date for the adjourned
      meeting.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE VII<br>
    </p>
    <p style="text-align: center">
      &#160;Indemnification<br>
    </p>
    <p style="white-space: nowrap">

    </p>
    <p style="white-space: nowrap; text-indent: 30.0px">
      SECTION 7.01.&#160;&#160;(DELETED MARCH 30, 1987)
    </p>
    <p style="white-space: nowrap; text-indent: 90.0px">

    </p>
    <p style="text-align: center">
      ARTICLE VIII<br>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      Executive Committee<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 8.01.&#160;&#160;Members and Powers.&#160;&#160;The Board, by resolution adopted by
      majority of its total number, may annually elect three or more of its
      number to constitute an Executive Committee of the Board to have
      authority to exercise to the extent permitted by law, in the intervals
      between meetings of the Board, all powers of the Board, except to amend
      or repeal these Bylaws, or to fill vacancies in its own membership or in
      the Board, or to declare dividends.&#160;&#160;The actions of the Executive
      Committee shall be ratified at the next succeeding meeting of the Board.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 8.02.&#160;&#160;Meetings.&#160;&#160;The Executive Committee may adopt rules
      governing the method of the notice of the time and place of its meetings
      and the conduct of the proceedings thereat; but, in the absence of such
      rules, meetings of the Executive Committee may be called by any member
      of the Committee.&#160;&#160;Notice to each member, regarding the time and place
      of holding the proposed meeting, shall be given to each member verbally
      or by mail at least twenty-four (24) hours before the time of the
      meeting.&#160;&#160;No notice of a meeting will be required if all members of the
      Committee are in attendance, or if notice is waived.&#160;&#160;The Executive
      Committee shall keep a record of its acts and proceedings.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 8.03.&#160;&#160;Quorum.&#160;&#160;To constitute a quorum of the Executive
      Committee for the transaction of business at any meeting, a majority
      shall be present and the act of a majority of the whole Committee shall
      be necessary to constitute the act of the Committee.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 8.04.&#160;&#160;Removal of Members.&#160;&#160;Any member of the Executive
      Committee may be removed with or without cause by resolution of the
      Board, adopted by a majority of its total number then in office.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 8.05.&#160;&#160;Vacancies.&#160;&#160;Vacancies in the Executive Committee shall be
      filled in the same manner as for the original appointment to membership.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      ARTICLE IX<br>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      Miscellaneous<br>
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 9.01.&#160;&#160;Seal.&#160;&#160;The Corporate seal of the Corporation shall
      consist of two concentric circles, between which is the name of the
      Corporation, and in the center shall be inscribed the year of its
      incorporation and the words, &quot;Corporate Seal, Delaware.&quot;
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 9.02.&#160;&#160;Waiver of Notices.&#160;&#160;Whenever notice is required to be
      given by these Bylaws or the Certificate of Incorporation or by law, the
      person entitled to said notice may waive such notice in writing, either
      before or after the time stated therein, and such waiver shall be deemed
      equivalent to notice.
    </p>
    <p>

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      SECTION 9.03.&#160;&#160;Amendments.&#160;&#160;Except as otherwise provided herein or in
      the Certificate of Incorporation, these Bylaws or any of them, may be
      altered, amended, repealed or rescinded and new Bylaws may be adopted,
      (i) by the Board, or (ii) by the stockholders, at any annual meeting of
      stockholders, or at any special meeting of stockholders, provided that
      notice of such proposed alteration, amendment, repeal, rescission or
      adoption is given in the notice of meeting.
    </p>
    <p>

    </p>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt; font-family: Times New Roman"><b>Ameron
      Reports Higher Second-Quarter Results</b></font></u>
    </p>
    <p>
      PASADENA, Calif.--(BUSINESS WIRE)--Ameron International Corporation
      (NYSE: AMN) today reported net income of $16.3 million, or $1.78 per
      diluted share, in the second quarter ended June 1, 2008, compared to net
      income of $15.8 million, or $1.74 per diluted share, in the second
      quarter ended May 27, 2007. Sales totaled $159.8 million in the second
      quarter of 2008, compared to $156.8 million in 2007.
    </p>
    <p>
      In the six months ended June 1, 2008, earnings per diluted share totaled
      $2.85, compared to earnings per diluted share of $2.68 in the six months
      ended May 27, 2007, an increase of 6%. Sales totaled $309.6 million in
      the first half of 2008, compared to $277.1 million in 2007, an increase
      of 12%. The second quarter and first half of 2007 included $.11 and $.13
      per diluted share, respectively, related to income from the discontinued
      protective coatings business, which was sold in 2006. There was no
      income from discontinued operations during 2008.
    </p>
    <p>
      James S. Marlen, Ameron&#8217;s Chairman and Chief Executive Officer, stated,
      &#8220;Second-quarter earnings were the result of another solid performance by
      the Company, led by the continued strength of the Fiberglass-Composite
      Pipe Group and TAMCO, Ameron&#8217;s 50% owned steel mini-mill. The first-half
      operating results reflect the strength and balance of the Company&#8217;s
      diversified businesses.&#8221;
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The Fiberglass-Composite Pipe Group had higher sales and segment income
      in the second quarter of 2008, compared to the second quarter of 2007.
      Sales increased $8.3 million, or 14%, in the second quarter of 2008, and
      segment income improved $1.1 million, or 7%. The growth in sales was
      concentrated in the Company&#8217;s Asian operation and in South America, as a
      result of the October 2007 acquisition of Polyplaster, Ltda. in Brazil.
      Sales by operations in the U.S. and Europe declined, compared to last
      year, due to the timing of general and industrial orders and delayed
      shipments to oilfield customers. Market conditions continue to be
      favorable across all segments worldwide. In particular, the marine,
      offshore and onshore oilfield markets, which are driven to a large
      extent by oil prices, remain vibrant. The outlook for the
      Fiberglass-Composite Pipe Group remains favorable supported by a record
      order backlog and strong conditions in each of the key market segments
      worldwide.
    </p>
    <p>
      The Water Transmission Group&#8217;s sales in the second quarter of 2008 were
      essentially equal to sales in 2007. Sales of wind towers increased
      slightly, while sales of water transmission piping were essentially the
      same as last year. The business incurred a greater loss in the second
      quarter of 2008, $2.6 million higher than in the same period of 2007,
      primarily as a result of start-up costs and manufacturing inefficiencies
      associated with the ramp-up of the wind tower product line. The
      Company&#8217;s markets for large-diameter water transmission piping, which
      consist primarily of California, Arizona and Nevada, remain sluggish.
      With the exception of Northern California, the bid activity in these
      markets continues at historical low levels. However, there are positive
      indications that the bid activity throughout the western U.S. should
      increase steadily in the second-half of 2008. The short-term outlook for
      the water piping market is for steady recovery for the balance of 2008
      and early 2009. Over the longer term, demand for water distribution is
      expected to result in substantial growth. Considerable progress has been
      achieved recently toward meeting the targeted cost objectives for wind
      towers. Wind tower productivity continues to improve as repeat orders
      for towers from wind turbine customers are manufactured and
      learning-curve issues are resolved. The market outlook for wind energy
      continues to be robust, and significant improvements and profitable
      growth are anticipated for the Company&#8217;s wind tower operations over both
      the near term and long term.
    </p>
    <p>
      The Infrastructure Products Group had lower sales in the second quarter
      of 2008, compared to 2007. Sales declined $6.8 million, or 13%, due to
      lower sales of the Pole Products Division. Ameron&#8217;s Hawaii Division had
      modestly higher sales. Segment income in the second quarter of 2008 was
      $3.4 million lower than in 2007 due primarily to lower sales of the Pole
      Products Division. The Hawaii Division had slightly higher sales due to
      increased aggregates sales primarily for road and highway construction.
      Overall, the housing and residential-related construction sectors in
      Hawaii are lower, while other construction markets remain steady. The
      Pole Products&#8217; market continued to be confronted with the nationwide
      residential construction decline, and, as a result, sales of decorative
      concrete poles for residential lighting were significantly lower.
      Residential construction and the market for residential lighting poles
      are not expected to recover during 2008.
    </p>
    <p>
      TAMCO had significantly higher sales and net income in the second
      quarter of 2008, compared to the second quarter of 2007. Ameron&#8217;s share
      of TAMCO&#8217;s net income totaled $6.7 million after taxes, an increase of
      $2.5 million, or 59%, from 2007. Demand for steel rebar in the western
      U.S., especially for highway and commercial construction, is solid and
      is expected to continue in the near term. In addition, selling prices
      have kept pace with higher scrap costs. The outlook for TAMCO remains
      positive and has improved significantly in recent months.
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      James Marlen concluded, &#8220;The first-half performance by the Company was
      positive, and I continue to expect that our businesses will achieve
      steady returns for the year. The Fiberglass-Composite-Pipe Group is
      expected to continue to perform at record levels, as is TAMCO. The Water
      Transmission Group should steadily improve, while the Infrastructure
      Products Group is expected to continue to under perform due to weak
      markets. While first-half results compare favorably to last year, and we
      expect operations to perform well going forward, the second half of 2007
      included income from the divestiture of the coatings business and the
      realization of significant tax benefits, neither of which will repeat in
      2008. On balance, I am pleased with year-to-year date results, and I
      remain confident regarding the Company&#8217;s short-term operations and
      long-term opportunities.&#8221;
    </p>
    <p>
      Ameron International Corporation is a multinational manufacturer of
      highly-engineered products and materials for the chemical, industrial,
      energy, transportation and infrastructure markets. Traded on the New
      York Stock Exchange (AMN), Ameron is a leading producer of water
      transmission lines and fabricated steel products, such as wind towers;
      fiberglass-composite pipe for transporting oil, chemicals and corrosive
      fluids; and specialized materials and products used in infrastructure
      projects. The Company operates businesses in North America, South
      America, Europe and Asia. It also participates in several joint-venture
      companies in the U.S. and the Middle East.
    </p>
    <p>
      <i>Cautionary statement for purposes of the &#8220;Safe Harbor&#8221; provisions of
      The Private Securities Litigation Reform Act of 1995: Any statements in
      this report that refer to the forecasted, estimated or anticipated
      future results of Ameron International Corporation (&#8220;Ameron&#8221; or the
      &#8220;Company&#8221;) are forward-looking and reflect the Company&#8217;s current
      analysis of existing trends and information. Actual results may differ
      from current expectations based on a number of factors affecting
      Ameron&#8217;s businesses, including competitive conditions and changing
      market situations. Matters affecting the economy generally, including
      the state of economies worldwide, can affect Ameron&#8217;s results.
      Forward-looking statements represent the Company&#8217;s judgment only as of
      the date of this report. Since actual results could differ materially,
      the reader is cautioned not to rely on these forward-looking statements.</i>
      <i>Moreover, Ameron disclaims any intent or obligation to update these
      forward-looking statements.</i>
    </p>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>FINANCIAL STATEMENTS &#8211; 2Q08</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="6">
          <b>Six Months Ended</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>June 1,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>May 27,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>June 1,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>May 27,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; text-align: left; padding-left: 0.0px">
          <b>(Dollars in thousands, except per share data)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2008</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2007</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2008</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2007</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Sales
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>159,793</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          156,756
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>309,562</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          277,111
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Cost of sales
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(120,047</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (115,994
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(236,364</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (211,029
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Gross profit
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>39,746</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          40,762
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>73,198</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          66,082
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative expenses
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>(25,865</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          (25,959
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>(51,667</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          (47,459
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other income, net
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>575</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          937
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>3,550</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          1,955
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income from continuing operations before interest, income taxes and
          equity in earnings of joint venture
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>14,456</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          15,740
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>25,081</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          20,578
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Interest (expense)/income, net
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>142</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (18
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>431</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          348
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income from continuing operations before income taxes and equity in
          earnings of joint venture
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>14,598</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          15,722
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>25,512</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          20,926
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Provision for income taxes
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(5,000</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (5,137
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(8,929</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (7,057
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income from continuing operations before equity in earnings of joint
          venture
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>9,598</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          10,585
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>16,583</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          13,869
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Equity in earnings of joint venture, net of taxes
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>6,735</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          4,228
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>9,487</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          9,256
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income from continuing operations
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>16,333</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          14,813
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>26,070</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          23,125
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Income from discontinued operations, net of taxes
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          990
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          1,146
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Net income
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>16,333</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          15,803
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>26,070</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          24,271
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Basic earnings per share:
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income from continuing operations
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>1.79</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          1.64
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>2.86</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          2.57
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Income from discontinued operations, net of taxes
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          .11
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          .13
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px">
          Net income
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>1.79</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          1.75
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>2.86</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          2.70
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Diluted earnings per share:
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Income from continuing operations
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>1.78</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          1.63
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>2.85</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          2.55
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Income from discontinued operations, net of taxes
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          .11
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>-</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          .13
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 10.0px">
          Net income
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>1.78</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          1.74
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>2.85</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          2.68
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Weighted-average shares (basic)
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>9,132,172</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          9,024,190
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>9,110,712</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          9,009,133
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Weighted-average shares (diluted)
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>9,186,649</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          9,065,681
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>9,151,897</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          9,058,103
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Cash dividends per share
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>.30</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          .20
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>.55</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          .40
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONSOLIDATED BALANCE SHEETS &#8211; ASSETS (UNAUDITED)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>June 1,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" colspan="2">
          <b>November 30,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; text-align: left; padding-left: 0.0px">
          <b>(Dollars in thousands)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2008</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: center; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px" colspan="2">
          <b>2007</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <b>ASSETS</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Current assets
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Cash and cash equivalents
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>159,581</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          155,433
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Receivables, less allowances of $6,137 in 2008 and $6,235 in 2007
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>159,866</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          185,335
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Inventories
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>102,421</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          97,717
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Deferred income taxes
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>22,934</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          22,446
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Prepaid expenses and other current assets
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>14,228</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          12,100
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Total current assets
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>459,030</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          473,031
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Investments in joint ventures
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Equity method
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>20,112</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          14,677
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Cost method
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>3,784</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          3,784
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Property, plant and equipment
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Land
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>39,455</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          35,860
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Buildings
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>81,662</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          75,245
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Machinery and equipment
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>304,074</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          292,563
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Construction in progress
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>31,661</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          24,655
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Total property, plant and equipment at cost
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>456,852</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          428,323
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Accumulated depreciation
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(263,218</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (254,592
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Total property, plant and equipment, net
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>193,634</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          173,731
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Deferred income taxes
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>5,218</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          4,202
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Goodwill and intangible assets, net of accumulated amortization of
          $1,206 in 2008 and $1,130 in 2007
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>2,190</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          2,243
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other assets
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>39,202</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          34,144
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Total assets
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>723,170</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          705,812
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONSOLIDATED BALANCE SHEETS &#8211; LIABILITIES AND STOCKHOLDERS'
            EQUITY (UNAUDITED)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          <b>June 1,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" colspan="2">
          <b>November 30,</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; text-align: left; padding-left: 0.0px">
          <b>(Dollars in thousands, except per share data)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px" colspan="2">
          <b>2008</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px" colspan="2">
          <b>2007</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Current liabilities
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Current portion of long-term debt
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>17,479</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          17,055
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Trade payables
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>47,214</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          45,216
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Accrued liabilities
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>69,493</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          84,436
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Income taxes payable
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>3,244</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          11,985
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Total current liabilities
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>137,430</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          158,692
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Long-term debt, less current portion
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>55,617</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          57,593
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other long-term liabilities
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>53,926</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          44,154
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Total liabilities
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>246,973</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          260,439
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Commitments and contingencies
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Stockholders' equity
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Common stock, par value $2.50 per share, authorized 24,000,000
          shares, outstanding 9,179,192 shares in 2008 and 9,138,563 shares in
          2007, net of treasury shares
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>29,796</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          29,623
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Additional paid-in capital
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>51,798</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          46,675
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Retained earnings
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>451,957</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          430,925
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 10.0px">
          Accumulated other comprehensive loss
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          <b>(2,620</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px">
          (9,870
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 10.0px">
          Treasury stock (2,739,300 shares in 2008 and 2,710,479 shares in
          2007)
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>(54,734</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          <b>)</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          (51,980
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Total stockholders' equity
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          <b>476,197</b>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: solid black 1.0pt; text-align: right; padding-left: 0.0px">
          445,373
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Total liabilities and stockholders' equity
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>$</b>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          <b>723,170</b>
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; white-space: nowrap; border-bottom: double black 2.25pt; text-align: right; padding-left: 0.0px">
          705,812
        </td>
        <td valign="bottom" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Ameron International Corporation<br>James S. Marlen,
      Chairman and Chief Executive Officer<br>Gary Wagner, President and Chief
      Operating Officer<br>James R. McLaughlin, Senior Vice President, Chief<br>Financial
      Officer<br>626-683-4000
    </p>
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</TEXT>
</DOCUMENT>
</SUBMISSION>
